Friday, 30 April 2021

Bank Nifty Outlook for 30th Apr

  In the previous session : 

Bank Nifty went up by 564 points then went down by 418 before closing lower by 8 points on Thursday.


Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March




On 29th Apr:

Bank Nifty triggered our long trade and completed 2 targets and more doing 400 points .


For 30th Apr :

Sustaining above 33920 enter for 34040 - 34190 - 34560 , SL 33775


Sustaining below 33510 enter for 33390 - 33240 - 32860 , SL 33650


Now for this week :

Bank Nifty has immediate resistance near 32185 - 32475 and sustaining or closing above we can see a further move towards 33260 - 33460 zone

Bank Nifty has immediate support near 31260 - 30970 and sustaining or closing below that we can see a move towards 30180 - 29980 zone

This week Bank Nifty has made a high of 34827 completing all our expected levels for the week.

Now Bank Nifty has to break and sustain above 33975 to retest this weeks high and move towards 34370 - 34550 . On dips breaking and sustaining below 33500 we can see a move towards 33250 - 33000. Those who are holding existing longs should look to book once in this upmove .


In the month of April , Bank Nifty  has broken the low of 32415.25 made in March by nearly 2000 points with a new low of 30405.65 after the bounce of 1800 points till 32325.15 we saw from the earlier low of 30520.30  .



Overall Bank Nifty needs to give a strong or consecutive close above 35140 to regain strength .




Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .


Bank Nifty has now made a high of 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15431.75  on 16th Feb 2021 from the lows of 7511 made on 24th March 2020.

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions. 

Nifty Outlook for 30th Apr

  In the previous session : 


Nifty went up by 180 points then went down by 50 points before closing higher by 30 points on Thursday as compared to the previous day's close. 







Nifty  made a new life time high of 15431.75 in this upmove from the levels of  7511.10  . 


On 29th Apr :

Nifty triggered our long trade with a gap up above our 1st target and nearly completed  all targets doing further 50 points 


For 30th Apr :
 
Sustaining above 14950 enter for 14985 - 15020 - 15125 , SL 14910

Sustaining below 14840 enter for 14805 - 14770 - 14665 , SL 14880

 

Now for this week :

Nifty has immediate resistance at 14470 - 14550 zone and sustaining or closing above it we may see a further move towards 14760 - 14820 zone 

Nifty has immediate support at 14215 - 14135 zone and sustaining or closing below it we may see a further move towards 13920 - 13860 zone . 

For this week Nifty has made a high of 15044.35 nearly completing all our weekly expected levels. 


Now as long as Nifty breaks and sustains above 14950 we can this upmove extend till 15070 - 15125 . Those who are holding existing long positions should look to book once near 15100 levels. On the downside  breaking and sustaining below 14800 we can see further dips towards 14650 .- 14550. 



So far in the month of April we have seen a high of 14984.15 but Nifty failed to close above 15000 and we saw a sharp correction of nearly 800 points till 14151.40 .








Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      



To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.



Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions. 

Wednesday, 28 April 2021

Bank Nifty Outlook for 29th Apr

 In the previous session : 

Bank Nifty went up by 1042 points before closing higher by 987 points on Wednesday.


Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March




On 28th Apr:

Bank Nifty triggered our long trade and completed all targets and more doing 840 points .


For 29th Apr :

Sustaining above 33975 enter for 34050 - 34190 - 34570 , SL 33785


Sustaining below 33520 enter for 33400 - 33250 - 32870 , SL 33660


Now for this week :

Bank Nifty has immediate resistance near 32185 - 32475 and sustaining or closing above we can see a further move towards 33260 - 33460 zone

Bank Nifty has immediate support near 31260 - 30970 and sustaining or closing below that we can see a move towards 30180 - 29980 zone

This week Bank Nifty has made a high of 33777.70 breaking above our next resistance zone and closed well above it  .

Now as long as Bank Nifty is holding above 33250 on dips or sustains above 33975 we can see a further move towards 34150 - 34570 zone . The strength in this upmove of Bank Nifty will be put to test tomorrow.


In the month of April , Bank Nifty  has broken the low of 32415.25 made in March by nearly 2000 points with a new low of 30405.65 after the bounce of 1800 points till 32325.15 we saw from the earlier low of 30520.30  .



Overall Bank Nifty needs to give a strong or consecutive close above 35140 to regain strength .




Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .


Bank Nifty has now made a high of 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15431.75  on 16th Feb 2021 from the lows of 7511 made on 24th March 2020.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.




Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions. 

Nifty Outlook for 29th Apr

 In the previous session : 


Nifty went up by 237 points before closing higher by 211 points on Wednesday as compared to the previous day's close. 







Nifty  made a new life time high of 15431.75 in this upmove from the levels of  7511.10  . 


On 28th Apr :

Nifty triggered our long trade and completed  all targets doing 170 points 


For 29th Apr :
 
Sustaining above 14920 enter for 14955 - 14990 - 15095 , SL 14880

Sustaining below 14810 enter for 14775 - 14735 - 14635 , SL 14850

 

Now for this week :

Nifty has immediate resistance at 14470 - 14550 zone and sustaining or closing above it we may see a further move towards 14760 - 14820 zone 

Nifty has immediate support at 14215 - 14135 zone and sustaining or closing below it we may see a further move towards 13920 - 13860 zone . 

For this week Nifty has made a high of 14890.25 breaking above our next resistance zone and also closed well above it today. 


Now as long as Nifty holds above 14760 on dips or sustains above 14820 we can see a further upmove towards 14990 - 15100 zone where we have our major resistance of this month . Avoid fresh longs from here unless we see a close above 15100



So far in the month of April we have seen a high of 14984.15 but Nifty failed to close above 15000 and we saw a sharp correction of nearly 800 points till 14151.40 .








Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      



To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.



Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions. 

Tuesday, 27 April 2021

Bank Nifty Outlook for 28th Apr

 In the previous session : 

Bank Nifty went down by 122 points then went up by 532 points before closing higher by 460 points on Tuesday.


Bank Nifty made a new life time high of 37708.75 in this upmove from the lows of 16116.25 made on 24th March




On 27th Apr:

Bank Nifty triggered our long trade and did 220 points completing just over 1 target


For 28th Apr :

Sustaining above 32935 enter for 33055 - 33195 - 33575 , SL 32795


Sustaining below 32535 enter for 32415 - 32275 - 31895 , SL 32675



Now for this week :

Bank Nifty has immediate resistance near 32185 - 32475 and sustaining or closing above we can see a further move towards 33260 - 33460 zone

Bank Nifty has immediate support near 31260 - 30970 and sustaining or closing below that we can see a move towards 30180 - 29980 zone

This week Bank Nifty has made a high of 32807.10 breaking above our initial resistace zone and closed well above it  .

Now as long as Bank Nifty is holding above 32275 on dips or sustains above 32710 we can see a further move towards 33260 - 33460 zone .


In the month of April , Bank Nifty  has broken the low of 32415.25 made in March by nearly 2000 points with a new low of 30405.65 after the bounce of 1800 points till 32325.15 we saw from the earlier low of 30520.30  .



Overall Bank Nifty needs to give a strong or consecutive close above 35140 to regain strength .




Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .


Bank Nifty has now made a high of 37708.75 on 16th Feb 2021 in the bounce from the fall till 16116.25 on 24th March 2020 while Nifty has made a new lifetime high of 15431.75  on 16th Feb 2021 from the lows of 7511 made on 24th March 2020.

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              


To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.




Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.